Agriculture & Natural Solutions Acquisition Corporation Reports Decrease in Net Income and Revenue for Six Months Ended June 30, 2025

Agriculture & Natural Solutions Acquisition Corporation (ANSC) reported its financial results for the six months ended June 30, 2025, revealing a net income of $3.9 million, a decrease from $6.4 million in the same period of the previous year. The company’s revenue primarily stems from interest income on cash held in its Trust Account, which amounted to $8.0 million for the current period, down from $9.4 million in 2024. General and administrative expenses increased to $4.1 million from $3.1 million year-over-year, reflecting higher operational costs associated with its ongoing search for a target business for its initial business combination.

The company’s total assets as of June 30, 2025, were reported at $374.3 million, a slight increase from $366.3 million at the end of 2024. This growth was primarily driven by the accretion of Class A ordinary shares to redemption value, which rose to $374.1 million from $366.1 million. However, the company also reported a significant increase in current liabilities, which rose to $14.6 million from $10.6 million, largely due to an increase in accounts payable to related parties.

In terms of strategic developments, ANSC has faced challenges in its pursuit of a business combination. The company entered into a Business Combination Agreement in August 2024, but this was terminated in April 2025 due to volatile market conditions. As a result, ANSC has not yet commenced operations and continues to seek a suitable target for its initial business combination, which must be completed by November 13, 2025, or the company will be required to liquidate.

Operationally, ANSC has maintained its share structure with 34.5 million Class A ordinary shares and 8.6 million Class B ordinary shares outstanding. The company has not reported any significant changes in customer counts or user statistics, as it has not yet engaged in operational activities. The company’s liquidity position remains precarious, with only $1 in cash as of June 30, 2025, and a working capital deficit of $14.4 million, raising concerns about its ability to meet operational needs without securing additional financing.

Looking ahead, ANSC's management has expressed confidence in its ability to complete a business combination before the deadline. However, the company acknowledges the risks associated with current geopolitical tensions and market volatility, which could impact its search for a target business. The management has indicated that it may need to secure additional financing to cover transaction costs and operational expenses, emphasizing the importance of timely execution in its strategic plans.